$570,000
SOLD JUL 20, 2016

462 W Magnolia St Compton, CA 90220

8 Beds
4 Baths
2,808 Sq Ft
7,195 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

5% Below List Price

24 Days on Market

About This Home

As of August 2020

***Standard Sale - FHA/VA/Conventional/Cash Ready*** MUST SEE! Excellent income property! Property was rehabbed a little bit over a year ago. 4 units are all 4 separate structures. Not having shared walls is a really nice feature to the property. 5 garages with alley access. 5th garage can be rented out for income or used for storage. NO RENT CONTROL!!

Last Agent to Sell the Property

Timothy Lewis

Elliot Lewis, Broker License #01877026 Listed on: 04/18/2016

Last Buyer's Agent

Gregorio Vasquez

Home Central Realty License #01889044

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,132

Year Built

  • Built in 1941

Lot Details

  • 7,195 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 2,808 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 6157022002

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $999,999
  • Trash Expense $999,999
  • Water Sewer Expense $999,999
  • New Taxes Expense $99,999
  • Gross Income $4,950
  • Net Operating Income $999,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,132

Year Built

Built in 1941

Lot Details

0

Parking

5

Listing Details

  • Ad Number: 562-221-9392
  • Other Phone Description: 562-221-9392
  • Other Phone Number: 562-221-9392
  • Property Attached: No
  • Water Sewer Expenses: 999999.00
  • Property Type: Residential Income
  • Parcel Number: 6157022002
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 202.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 999999.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7195.00
  • Price Per Lot Square Foot: 79.22

Multi Family

  • Gross Income: 4950.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 999999.00
  • Net Operating Income: 999999.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 999999.00
  • Rent Control: No
  • Total Actual Rent: 4950.00

Tax Info

  • New Taxes Expense: 99999.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2020
Sold by
Perez Lupe and Perez Patricia
Bought by
Mujica George
Current Estimated Value
$1,039,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,325
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 18, 2016
Closed on
May 24, 2016
Sold by
Tyo Paul C
Bought by
Perez Lupe and Perez Patricia
Seller's Agent
Timothy Lewis
Elliot Lewis, Broker
Buyer's Agent
Gregorio Vasquez
Home Central Realty
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$550,976
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2014
Sold by
Evans Miles A
Bought by
Tyo Paul C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2012
Sold by
Eel Holdings Llc
Bought by
Evans Miles A and Evans Rosemary Tucciarone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2012
Closed on
Apr 19, 2012
Sold by
Aurora Loan Services Llc
Bought by
Eel Holdings Llc
Seller's Agent
Mark Shandrow
Shandrow Group
Buyer's Agent
John Martynec
John Martynec, Broker
List Price
$229,000
Sold Price
$265,000
Premium/Discount to List
$36,000
15.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Aug 8, 2011
Sold by
Rivera Jose Luis
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 10, 2003
Sold by
Rivera Luz Elva
Bought by
Rivera Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2003
Sold by
Gervay Peter
Bought by
Rivera Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2002
Sold by
Rhomboid Construction Standard Inc
Bought by
Gervay Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.86%

Purchase Details

Closed on
Aug 26, 1997
Sold by
Ceballos Cande
Bought by
Ceballos Cande

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.25%

Purchase Details

Closed on
Sep 18, 1996
Sold by
Great Western Bank Fsb
Bought by
Ceballos Cande

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.88%

Purchase Details

Closed on
Sep 9, 1996
Sold by
Caballos Maria
Bought by
Caballos Cande

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.88%

Purchase Details

Closed on
Dec 18, 1995
Sold by
Waura Irene and Great Western Bank Fsb
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $755,000 Provident Title Company
Grant Deed $570,000 Ticor Title Co
Grant Deed $485,000 Ticor Title Co
Interfamily Deed Transfer -- Ticor Title Company
Grant Deed $330,000 Ticor Title Company
Grant Deed $265,000 Lsi Title Company
Trustee Deed $313,684 Accommodation
Interfamily Deed Transfer -- Fidelity Natl Title Co Long
Grant Deed $380,000 Fidelity Natl Title Co Long
Grant Deed $330,000 American Title Co
Grant Deed $225,000 American Title Co
Gift Deed -- American Title Ins Co
Grant Deed $110,000 Fidelity Title
Interfamily Deed Transfer -- Fidelity Title
Trustee Deed $115,718 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $741,325 FHA
Previous Owner $550,976 FHA
Previous Owner $330,000 New Conventional
Previous Owner $231,000 New Conventional
Previous Owner $304,000 Purchase Money Mortgage
Previous Owner $264,000 No Value Available
Previous Owner $140,000 No Value Available
Previous Owner $90,000 No Value Available
Closed $38,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold $755,000 -2.5% $269 / Sq Ft
07/14/2020 07/14/20 Price Changed $774,000 -2.0% $276 / Sq Ft
07/13/2020 07/13/20 For Sale $789,999 0.0% $281 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
06/17/2020 06/17/20 Pending -- -- --
05/11/2020 05/11/20 Price Changed $789,999 -1.3% $281 / Sq Ft
04/06/2020 04/06/20 For Sale $800,000 +40.4% $285 / Sq Ft
07/20/2016 07/20/16 Sold $570,000 -4.8% $203 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $599,000 +126.0% $213 / Sq Ft
04/30/2012 04/30/12 Sold $265,000 +15.7% $94 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $229,000 -- $82 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,132 $817,235 $313,905 $503,330
2024 $14,132 $801,211 $307,750 $493,461
2023 $13,969 $785,502 $301,716 $483,786
2022 $13,158 $770,100 $295,800 $474,300
2021 $13,291 $755,000 $290,000 $465,000
2020 $10,774 $604,887 $212,241 $392,646
2019 $10,648 $593,028 $208,080 $384,948
2018 $10,341 $581,400 $204,000 $377,400
2016 $8,762 $492,396 $246,198 $246,198
2015 $8,372 $485,000 $242,500 $242,500
2014 $5,999 $331,498 $165,749 $165,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16080807

California Regional Multiple Listing Service (CRMLS)

APN: 6157-022-002